The price of ransomware attacks is skyrocketing and government agencies are paying the most

• Ransomware attacks cost local governments and public colleges the most money, a new study found.
• Lower education and central and federal governments reported an average of $6.6 million in payouts.
• IT and telecom companies, meanwhile, reported the lowest median ransom payment at $300,000.

Ransomware attacks are getting expensive. And it's local governments and public colleges that are handing over the most cash.